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An enel logo is seen in a substation in Sao Paulo, Brazil, March 26, 2025. Amanda Perobelli
An enel logo is seen in a substation in Sao Paulo, Brazil, March 26, 2025. Amanda Perobelli
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Funds

Italy's Enel shareholders approve 3.5 billion euro buyback plan

May 22nd, 2025 | 18:24 PM MONEY Funds 1

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By Reuters

Enel's (ENEI.MI) shareholders on Thursday approved a buyback plan and the possibility to cancel acquired shares without reducing its capital, opening the way for Italy's biggest utility to increase its investor reward.

Shareholders granted the board the authorisation to acquire up to 500 million shares and spend up to 3.5 billion euros ($3.95 billion) in the buyback.

($1 = 0.8871 euros)

  • Topic
  • BUYBACK/ (URGENT)
  • ENEL
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